On Wednesday Euro/Dollar continued trading within 50 pip range. The European currency appreciated from 1.3534 to 1.3584 yesterday, matching the positive money flow sentiment at almost +9%, closing the day at 1.3543. This morning the Euro descended slightly, reaching 1.3529.

S&P 500 closed 1.06 point higher (0.06%), however as prices were weaving in and out between gains and losses, it is more apt to say that prices are trading flat rather than mildly bullish. This flat trading was a result of uneven earnings reports, which caused market to be slightly

GOLD The commodity remains weak and vulnerable to the downside following its Tuesday failed recovery. As long as the 1,267.75 level, its Dec 10’2013 high and its declining trendline continue to hold as resistance, risk remains lower

For the best part of the last month the Australian dollar has established and traded within a narrow range roughly between 0.88 and the recent resistance level at 0.90. However for the most part over the last week the Australian dollar has fallen sharply back down to the support level

For the last month or so the Euro has steadied and established a trading range roughly between 1.3550 and the recent resistance level at 1.38, however to finish out last week the Euro broke down through the support level at 1.3550. This movement lower was building up over the last

The S&P500 and other major world stock markets have seen very lackluster trade to start 2014. The widely followed U.S. index has been trapped within an anemic 36-point range below key resistance at 1850 since New Year’s Eve

Although NZD/USD did confirm the resistance at 0.8324/09 yesterday as a notable level, the rate keeps on rising, thereby once again endangering intactness of the up-trend line that may be drawn through the troughs staged from Dec 30 to Jan 16. Continuation of the up-move may potentially expose the monthly

Being that USD/CAD is failing to reignite the bullish momentum in the presence of a strong resistance zone, the risks are greatly skewed to the downside. Should the sell-off commence, the weekly PP will be unlikely to stop it, instead the currency pair will be expected to slide down to